Aramco Report

The Blog
Home flipping in U.S. climbs in Q2

The number of investors in the U.S. flipping homes for a profit climbed during the second quarter of 2019 but data suggests that the practice is growing less profitable. ATTOM Data Solutions released its Q2 2019 U.S. Home Flipping Report last week which showed 59,876 single-family homes and condos w...

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Home equity levels increase in Q2

The gain of wealth from owning a home in the U.S. appears to have no end in sight. Homeowners’ equity in their properties increased again during the second quarter of 2019 according to a new report. CoreLogic’s quarterly Homeowner Equity Insights Report shows an aggregate increase in equity levels o...

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Getting a mortgage with bad credit

The desire to become a homeowner is not unique to those with stellar credit. With demand for housing at it’s highest levels in decades, some lenders have returned to offering mortgages for a wider variety of consumers, including those who have sub-par FICO scores. Borrowers with credit scores in th...

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New-home sales re-approaching 12-year high

Low mortgage rates appear to be propping up the U.S. housing market as seen in a resurgence of new home sales in August. According to the Department of Commerce, sales of newly-constructed homes increased 7.1 percent on a month-over-month basis to a seasonally adjusted annual rate of 713,000, just s...

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Zillow to offer home trade-ins, like cars

Many don’t find car shopping to be the most pleasant experience but the idea of simply turning in the keys and upgrading to a new model is an exciting concept. So much so, that online real estate site Zillow is in talks to make changing your home just as easy. Zillow is partnering with home builder...

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2019 mortgage originations projected to be highest in 3-years

Mortgage rates at their lowest levels since 2016 will push mortgage originations in the U.S. to a three-year high by the end of the year according to a new forecast. The Mortgage Bankers Association predicts that the combined purchase and refinance originations for 2019 will top $1.9 trillion. Sale...

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74 percent of U.S. housing market unaffordable for average wage earners

A cooling off the housing market has not translated to more affordable homes for the average household in the U.S. ATTOM Data Solutions reported last week in its Q3 2019 U.S. Home Affordability Report that homes in 371 of 498 U.S. counties analyzed are simply too expensive for average wage earners....

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Home buyers could find best deals in Fall.

The days are getting shorter, school is back in session and the triple-digit heat is gone. Autumn has officially arrived. But while the weather is cooling, the housing market may not be. In fact, according to a report from Realtor.com, the best time to purchase a home is the first week of Fall. Aft...

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San Diego property tax bills break record

San Diego’s Treasurer-Tax Collector Dan McAllister announced this week that his office would be mailing out this month over one million property tax bills. This marks the first that the number of bills going to local property owners has reached the 7-figure mark. “Despite the need for more housing...

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Calif.’s high home prices driving people away

In a sampling of California voters, over half have said they have considered leaving the state, primarily because of the high cost of housing. According to a new poll from the UC Berkley Institute of Governmental studies of registered voters in the Golden State, 24 percent of respondents say they h...

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